disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the … interrelationship between firm entry and exit in disequilibrium. Introducing a new methodology we investigate whether this … new-firm entry) while in overshoots competition induced by new firms (in particular strong displacement) helps restore …

Firm turnover has recently attracted increased interest in economic research. The entry of new firms increases … competition and promises efficiency gains. Moreover, changes in the market structure influence productivity growth, because firm … entry usually leads to increased innovation. The health care market exhibits important differences as compared to other …

time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … indication of the importance of barriers to firm growth as opposed to barriers to entry. Transition economies show an even more …

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics …, to discriminate between three aspects of industry dynamics: the effect of entry and exit on market equilibrium, duration … simultaneous equilibrium model of profits, entry and exit. We find that indeed entrants play an entrepreneurial function causing …

This paper studies how firms contribute to the productivity growth of an industry over their lifecycle. We present a … decomposition method that allows us to condition the components of productivity growth on the age of production units. We find … evidence for a prolonged positive exit effect that mirrors market selection during the early stages of firms'; lifecycle. This …

subsequent entry plays a primary role in generating turbulence in high growth markets, while displacement of incumbents by recent … entrants is the main selection force in declining markets. As product life cycles progress, trial-and-error entry subsides, and …

1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that … enter in year t are less productive than incumbent firms in year t. (H3) Surviving firms from an entry cohort were more …

time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … indication of the importance of barriers to firm growth as opposed to barriers to entry. Transition economies show an even more …

This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify …. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price … the dentist industry allow the entry cost to differ for geographic markets that were designated as Health Professional …

Firm turnover (i.e. firm entry and exit) is a well-recognized source of sectorlevel productivity growth across … to entry and exit firms. They tend, inter alia, to be labour-intensive and seek out competitive opportunities in labour … form an important component of productivity growth. …